Business Combination merger with USBTC exchange ratio
Company: Hut 8
The claim, verbatim
Each USBTC security (Series A Preferred, Series B Preferred, Series B-1 Preferred, and common stock) will be exchanged for 0.6716 shares of New Hut common stock in the merger
Source (primary)
Hut 8 S-4/A filed 2023-08-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Merger Sub will merge with and into USBTC, with each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock being exchanged for 0.6716 of a share of New Hut common stock”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the 0.6716 exchange ratio for all named USBTC security classes.
Confirmed in the source:
- each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock will be exchanged for 0.6716 of a share of New Hut common stock in the merger
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923094950/tm235928-21_s4a.htm) in full (1,238,196 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 S-4/A filed 2023-08-24
Quote: “Merger Sub will merge with and into USBTC, with each share of Series A Preferred, Series B Preferred, Series B-1 Preferred and USBTC common stock being exchanged for 0.6716 of a share of New Hut common stock”